Note other related updates with those issues may be KB3093983, KB3097966

How to Fix

The only solution we found so far is to uninstall that specific update.

Open Windows Updates

Click on Installed Updates

Find the KB3055034 Update, Right click –> Uninstall

Maybe restart

But.. The Update Keeps on Reinstalling itself

After uninstalling the update, Windows will reinstall it automatically on the next update cycle. That’s not good because it means that MS Office will crash again. To permanently prevent Windows update from installing this bad update, we have to hide the update. We do that by:

Go to the Windows Updates

Click on the Important Update is available / or find the list where your update is.